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bizmark
Aug 23, 2022 11:13 PM

BNB to break out Long

BINANCE:BNBUSDT30
Binance Coin / TetherUSBinance

Description

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Please 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free.

Binance Coin seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 315 and even higher.
  • ENTRY: local high @ 300.8
  • STOPLOSS (SL): local low @ 295.8
  • TARGET (TP): height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 315
  • REWARD RISK RATIO (RRR): 2.7
  • INVALIDATION: when SL level hit


Check my other stuff in related ideas.

Please boost🚀, comment🗣️, follow me✒️, enjoy📺!

⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

Trade active

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That was quick...Order filled ✔️

Trade closed: stop reached

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Stoploss hit 🛑

Comment

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We just got wider triangle before the real breakout. New setup here:
Trend AnalysisChart PatternsbinancebinancecoinBNBbnbusdBNBUSDTBNBUSDCBNBBUSDBNBBTCBNBETH
Comments
ImThour
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SL already hit, sadge.
bizmark
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@ImThour, yes, direction seems to be right, we just got wider triangle...
MBM_Crypto
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Thx for this setup!
Solldy
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Great setup! I agree with you, thanks for sharing your vision. I wonder what you pay attention to when choosing an asset to trade?
AthenticWhale1
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Why not buy now minimize risk move entry to tp1
AthenticWhale1
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@AthenticWhale1 that’s assuming it’s bullish
bizmark
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@AthenticWhale1, good points. I'm in with better RRR, but that's just aggresive approach with bull bias. This published setup is more conservative with lower RRR but higher %winrate, as it can just drop right to the Stoploss level and invalidate the whole pattern without entering the trade and without actual loss.
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